OPEC+ Agrees to Pause Oil Supply Increase After Price Rout
OPEC+ clinched a deal to pause its planned oil output hike for two months after prices plunged amid fragile demand.
September 5, 2024US, China to Restart Climate Talks in Beijing
Climate negotiators from the U.S. and China will resume talks Sept. 4 in Beijing on deepening emissions cuts and transition funding.
September 3, 2024Private Equity Gets Rare Support From Union on Schenker Sale
Verdi, Germany’s most powerful labor union, is making the unusual move of backing a private equity firm’s bid for Deutsche Bahn’s planned $15.5 billion sale of its Schenker logistics arm.
August 30, 2024Rivian Production Head Leaves for Stellantis in Latest Exit
A senior leader at Rivian Automotive’s sole factory plans to leave the company, the latest in a wave of executive departures in recent months at the electric vehicle maker.
August 20, 2024OPEC Kept Oil Output Steady in July
OPEC kept oil production broadly steady in July while it cautiously monitors the impact of its latest cutbacks on global markets.
August 2, 2024Yokohama to Buy Goodyear’s OTR Tire Business for $905 Million
Yokohama Rubber Co. agreed to acquire Goodyear Tire & Rubber Co.’s off-the-road tire business for $905 million as part of the Japanese manufacturer’s global expansion plan.
July 22, 2024Maersk Tankers Bet Billions on Ammonia Fuel Carriers
Some of the biggest names in shipping are betting billions on tankers to transport a type of ammonia that’s scarcely being produced today, wagering it will become integral to decarbonization.
July 15, 2024Biden Faces Frustration From US Farmers Over Biofuel Policy
President Joe Biden’s re-election campaign has had a tough week. Lingering in the background is a boom he touted for American farmers that hasn’t panned out.
July 12, 2024Flying Taxi Startup Lilium Close to Saudia Order
Lilium NV is close to selling 100 electric flying taxis to Saudi Arabia’s state-owned airline, formalizing a framework deal arranged in late 2022.
July 10, 2024Yokohama Said to Hold Talks for Goodyear’s OTR Tire Business
Yokohama Rubber Co. is in advanced talks to buy Goodyear Tire & Rubber Co.’s off-the-road tire business for at least $1 billion, according to people familiar with the matter.
July 10, 2024